Scotsman Guide > News > October 2018 > News Story

 Enter your e-mail address and password below.

  •  
  •  

Forgot your password? New User? Register Now.

News Archives

 
Subscribe icon Subscribe to our weekly e-newsletter, Top News.

Mortgage applications rebound in weekly survey


Mortgage application activity picked up last week following a lull during the Columbus Day holiday, the Mortgage Bankers Association (MBA) reported.

MBA’s seasonally adjusted composite index rose by 4.9 percent for the week ending on Oct. 19. The refinance index increased by 10 percent despite rates holding near seven-year highs. The adjusted purchase index increased by 2 percent. The figures weren’t adjusted to account for the Columbus Day holiday.

"The holiday impacted refinance applications more than purchases, as refinances rebounded almost 10 percent,” said Joel Kan, MBA associate vice president of economic and industry forecasting.

“Meanwhile, purchase applications increased two percent over the prior week but were still four percent lower than two weeks ago—a sign that both the jump in mortgage rates and tight inventory continue to hold back application activity."

The refinance share of applications rose by 1.7 percentage points to 39.8 percent, MBA reported. 


 

Questions? Contact at (425) 984-6017 or victorw@scotsmanguide.com.

Get the latest news and articles from Scotsman Guide straight to your inbox.


Send me the following e-mails:





Learn more about Scotsman Guide e-mails

Thank you for signing up to receive e-mails from Scotsman Guide.

A confirmation e-mail has been sent to the address you provided.

For questions regarding your e-mail subscriptions please contact Circulation@ScotsmanGuide.com or call (800) 297-6061.


Fins A Lender Post a Loan
Residential Find a Lender Commercial Find a Lender
Follow Us:Visit Scotsman Guide Facebook pageVisit Scotsman Guide LinkedIn pageVisit Scotsman Guide Twitter page
 
 
 
 

 
 

© 2019 Scotsman Guide Media. All Rights Reserved.  Terms of Use  |  Privacy Policy